Conclusion: Rethinking Finance Capitalism and Income Inequality Nexus

Kuat B. Akizhanov
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Kuat B. Akizhanov: Academy of Public Administration under the President of Kazakhstan

Chapter Chapter 8 in Finance Capitalism and Income Inequality in the Contemporary Global Economy, 2023, pp 189-216 from Springer

Abstract: Abstract In this chapter, comparative analysis across the four cases is deployed, exploring the similarities and differences in (a) the processes of institutionalising neoliberal financialisation as a model of capital accumulation; and (b) the functioning and properties of its generative mechanism in facilitating and securing upward income distribution as well as how far these are affected by domestic institutions and process. Factual and conceptual conclusions of this study will be synthesised to highlight components of the generative mechanism of upward income distribution in finance capitalism, which, according to this study, is the culmination of the financialisation-driven income accumulation process as part of a neoliberal mode of capital accumulation.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21768-5_8

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DOI: 10.1007/978-3-031-21768-5_8

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